The Organisation of Petroleum Export Countries (OPEC) has disclosed that Nigeria surpassed its December quota, with oil ...

Due to high production growth from the U.S., Canada, and Guyana over the past three years, OPEC has chosen to cut output to support ... OPEC's largest member, requires an oil price of $96 to ...

Members are losing market share by postponing production ... OPEC has clung to expectations that demand will recover in 2025. However, on Wednesday, the group made its deepest cut to its demand ...

Iran, Kuwait and Libya called on fellow OPEC members on December 18th to reduce ... $22 a barrel for 10 consecutive working days, a production cut of 500,000 b/d will automatically be triggered.

The United Arab Emirates (UAE), a prominent member of the ... Despite OPEC's compiled data indicating that the UAE has largely complied with its production limit of 2.912 million barrels per ...

Non-OPEC supply is anticipated to grow by 1.4 million ... highlight the potential for market disruptions if members fail to adhere to agreed production targets. Geopolitical instability in the Middle ...

The group extended some of its supply cuts until the end of 2026 due to weak demand and booming production ... OPEC predicted total U.S. supply will rise by 2.3% next year and also cut its ...

At the same time, Saudi's production fell slightly to 8.972 ... Riyadh and other members of OPEC provide monthly export figures to JODI, which publishes them on its website. Earlier this month ...

OPEC+, consisting of the Organization of Petroleum Exporting Countries (OPEC ... million bpd production cut until the end of 2026. The group also decided to extend the voluntary production cut of 1.65 ...

Oil producer Abu Dhabi National Oil Co., or Adnoc, has cut ... decide production quotas for member countries at twice-yearly meetings. Their decisions often impact WTI Oil prices. When OPEC ...